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To: Roebear who wrote (92145)	7/11/2001 1:19:13 AM
From: isopatch	Read Replies (1) \| Respond to of 95453

Exactly. In Bear Markets, oversold readings on the various TA indicators commonly persist for weeks or even months at a time. Rather than signaling a quick reflex rally, persistent oversold readings point to trend continuation because powerful momentum in either direction is not easily or quickly reversable. In a very real sense, the most bearish thing a sector or market can do is get oversold and stay that way for extended periods. There may be counter trend rallies. But they're very tricky and often to brief to be tradable on an attractive risk/reward basis. At least that's the case for a laid back, "slo hand" like me.<G> Tomorrow is gonna be fun... Iso